TradingSutra

COCHIN SHIPYARD : Inverse H&S formation

Long
NSE:COCHINSHIP   COCHIN SHIPYARD LTD
Holding the neckline go long above 385 keeping SL of 360 & look for the target of 400/420.
Comment: tgt 1 reached
Trade closed: target reached
Manish Bhardwaj
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Comments

Good analysis but incomplete, inverse H&S always work, if it come after long down trend.you anaylis it at daily time frame which shows consolidation. if we see it at monthly time frame proper inverse h&S will seen. which has neck line near to 403 if it cross and sustain above it may test 450 and 515 soon.Take it positive

jk
+3 Reply
TradingSutra tradetechnicalanalyst
@tradetechnicalanalyst, Analysis is complete. Inverse h&s also works as a continuous pattern ! Thanks
Reply
@TradingSutra,
see the recent top is as suggested 402.50. it means actual neck line is 403.
Reply
TradingSutra tradetechnicalanalyst
@tradetechnicalanalyst, actual neckline is 383 for the mentioned pattern , for the mentioned time frame . Thanks !
Reply
Can I know your views on sail at current levels? Please.
+2 Reply
👍👍
Reply
T1 Achieved. Thanks !
Reply
nice sharing ideas, you are like my chart and I like your chart
Reply
Analysis is complete. Inverse h&s also works as a continuous pattern ! Thanks
Reply
can you say about wipro target at the end of June..
Reply